The $2.1 billion deal failed, U.S. sanctions continued, and Nokia avoided competing with Huawei
After nearly a year, Timbridge Communications** has come to a successful conclusion.
According to the announcement of the market regulator, Nokia, the majority shareholder of TD Tech, withdrew and was replaced by Huawei and the high-tech investment group that acquired Nokia's shares. The move came as a surprise to all.
Most people believe that after the previous acquisition turmoil, Nokia will disappear from people's sight.
Nokia initially intended to give its 51% stake** to Oriental Materials. But neither Huawei nor Nokia made any comment, as the question itself is wrong. ** The matter of shares is hidden from Huawei, let alone partners, which is completely beyond the scope of Huawei's capabilities. In the end, the 2.1 billion yuan deal failed, and Nokia settled with Oriental Materials and canceled the compensation.
However, insiders also said that Huawei would not necessarily agree to who Nokia tried to work with. Because if the two sides cooperate, they can circumvent the US sanctions on Iran to a certain extent. With Huawei's strength, Nokia should not make much effort on this issue. But surprisingly, the problem has been solved. Nokia's attitude is also clear: it no longer intends to work with Huawei"Play"Finish.
Why, because the United States sanctioned them? In fact, as we have seen in the past, Nokia is in no hurry to get rid of this"Dilemma"。
According to TD Tech's development history, Nokia and Siemens cooperated at first, and then established Siemens Networks Nokia. In less than a year, TD Tech moved from Siemens to Nokia. Then came the Huawei incident, in which both companies had shares. But this is not a good thing for Nokia, on the contrary, Huawei's business is growing day by day.
With the joint venture between the two companies, TD Tech has also entered the private network market. Huawei desperately needs it to coordinate its wireless strategy. However, unlike Nokia, Huawei operates a private line business, and the birth of TD Tech is an insult to Nokia. While Huawei is not their competitor, the two companies do the same thing with communications equipment and related businesses. For example, if Nokia continues to hold its position, it is creating a stronger competitor and, more importantly, it has to continue to invest.
Therefore, it is better for Nokia to get out of the situation as soon as possible and forget about it. Perhaps that's why Nokia ignores the contract and chooses a company that has nothing to do with it. At present, it seems that Nokia and Huawei can be satisfied, and Huawei wants to use Nokia's foreign status to get rid of some sanctions, I am afraid it is impossible.
But Huawei doesn't seem to need any of that, after all, after so many setbacks, Huawei has come out on top. Even the United States said that the ban on semiconductors in the United States was too difficult. It is hoped that Huawei and Dingqiao Communications will have a better future after the change of ownership. What do you think about this? Leave us a message, like and share it here.